Jamie GrayBusiness Reporter·NZ Herald·20 Oct, 2026 04:19 AM5 mins to readGenesis Energy's CEO Malcolm Johns says the New Zealand electricity system is in a better place. Genesis Energy's CEO Malcolm Johns says the New Zealand electricity system is in a better place. Genesis Energy’s chief executive Malcolm Johns says New Zealand’s power system has moved on from winter 2024, when dry and calm weather and constrained gas supply conspired to drive wholesale power prices through the roof. Wholesale prices spiked to an average $820 per megawatt hour (MWh) in 2024, compared with
Electricity prices: Genesis says power system has moved on from 2024 winter price spike
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